BRICS grouping (Brazil, Russia, India, China, South Africa) jointly criticized EU's Carbon Border Adjustment Mechanism (CBAM)
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BRICS condemns EU carbon tax
BRICS nations collectively condemned the European Union's Carbon Border Adjustment Mechanism (CBAM), calling it discriminatory and protectionist. The bloc demanded a substantial increase in international climate finance to support developing countries' adaptation efforts. This reflects growing Global South unity on climate justice and trade equity issues ahead of COP29.
Source: The Hindu. This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.
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Exam-ready takeaways
CBAM imposes carbon costs on imports of steel, aluminum, cement, electricity, hydrogen, and fertilizers from 2026
BRICS called CBAM 'unilateral' and 'discriminatory', violating Common But Differentiated Responsibilities (CBDR) principle
Demanded significant increase in international climate funding beyond the unmet $100 billion annual pledge by developed nations
Statement issued during BRICS Foreign Ministers' meeting in Nizhny Novgorod, Russia, June 2024
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